温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/zh_cn/65484.html
点击访问原文链接

Prediction Market Competition Heats Up, Hyperliquid Enters Strongly with “Outcomes” | Bee Network

进入原网站 导航首页
Prediction Market Competition Heats Up, Hyperliquid Enters Strongly with “Outcomes” | Bee Network Login 热门新闻 备忘录启动板 人工智能代理 德西 TopChainExplorer 给 Newbee 100 倍金币 蜜蜂游戏 重要网站 必备应用程序 加密货币名人 德平 新手必备 陷阱探测器 基本工具 高级网站 交流 NFT 工具 你好、, 签出 Web3 宇宙 游戏 DApp 蜂巢 成长平台 生态 搜索 英语 充值金币 登录 下载 Web3 大学 游戏 DApp 蜂巢 生态 家•分析•正文 Prediction Market Competition Heats Up, Hyperliquid Enters Strongly with “Outcomes”分析4 周前更新怀亚特 8,559 9 Hyperliquid, which firmly holds the top position in the 加密 derivatives track, is now attempting to extend its reach into another trillion-dollar market on the cusp of explosive growth: prediction markets.

Today, Hyperliquid officially announced the testing of a new feature called “Outcomes.” This news directly ignited excitement in the secondary market, with its native token HYPE recording a gain of over 10% within 24 hours, breaking through the $30 mark.

At a time when Polymarket dominates on-chain traffic and Kalshi, in partnership with Coinbase, is capturing the compliant market, Hyperliquid’s entry is far from a simple “bandwagon” move. Instead, it leverages its absolute advantage in native underlying performance to re定义ne the rules of the game.

What is Outcomes

According to the official HIP-4 proposal, Outcomes (Result Contracts) are not a simple betting interface. The key to their design lies in the following three core logics:

1. Fully Collateralized, No Liquidation Risk

Unlike leveraged perpetual contracts, Outcomes follow the principle of “what you can afford is what you can do.” It employs full collateralization and settles within a fixed range. This means that regardless of market volatility, as long as the settlement date has not arrived, a trader’s position will not face forced liquidation, fundamentally removing the risk of being liquidated.

2. Non-linear Settlement, Greater Strategic Flexibility

Outcomes introduces a non-linear settlement mechanism. For traders, this is akin to gaining a level of flexibility close to options. You can use it to construct more complex hedging instruments, no longer limited to simple binary “yes” or “no” bets, thereby opening up greater space for risk management and strategic combinations.

3. Native Integration, Unifying Liquidity

Outcomes will be deeply integrated into Hyperliquid’s underlying chain, HyperCore, and priced in the native stablecoin USDH. More importantly, it will share cross-margin with the platform’s existing spot and perpetual contracts. This means users can seamlessly connect multiple trading strategies within a single margin account, truly achieving interoperability and reuse of liquidity.

Multi-Party Fragmentation: Who Will Be the Final Winner in Prediction 市场s? The current prediction market is at its “1995 browser war” moment, forming four distinct business paths:

Polymarket sells “opinions”; it’s a barometer for social trends. Kalshi sells “compliance”; it attracts domestic US capital seeking to avoid legal risks. Coinbase is executing a “dimensional reduction strike,” turning prediction markets into a mass-market consumer product through in-app features. Hyperliquid’s logic is the most hardcore: it doesn’t require you to click Yes or No on a webpage; it wants you to, while shorting BTC, conveniently buy an Outcomes contract for “non-farm payroll data exceeding expectations” to hedge against macro risks. Right now, the community is most focused on the synergy between HIP-3 (Permissionless Listing) and HIP-4 (Outcomes).

Under this architecture, Hyperliquid’s evolution path is clear: first, official deployment of “canonical markets” based on objective data sources (like interest rates, macroeconomic indicators), followed by enabling permissionless deployment.

Behind this strategy lies Hyperliquid’s legendary team advantage. It’s hard to imagine that this behemoth, with annualized revenue exceeding $1.1 billion and trading volume rivaling top-tier CEXs, is supported by a core team of only about 11 people. This “special forces” team, composed of Harvard and MIT alumni and elite professionals from top quantitative hedge funds, has created an astonishing efficiency of over $100 million in annualized revenue contribution per person. Precisely because the team is extremely lean and has short decision-making paths, Hyperliquid can iterate rapidly.

A senior DeFi observer commented: “Coinbase’s entry validates the business model, but it’s still centralized. Hyperliquid’s Outcomes is challenging a proposition: the endgame of prediction markets is not social media, but financialization. When trading prediction outcomes becomes as smooth as buying and selling stocks and can share margin with futures, the imaginative space for on-chain finance truly opens up.”

Is HYPE Severely Undervalued? As the crypto options market matures, the Open Interest (OI) for Hyperliquid’s HIP-3 markets has surged to $1 billion, and the platform’s total 24-hour trading volume has skyrocketed to $4.8 billion, hitting a new all-time high.

Regarding this strategic move, Blockworks researcher Shaunda Devens believes it further supports Hyperliquid’s valuation upside.

Devens pointed out that even if HIP-4 captured 100% of Polymarket’s trading volume, its contribution to Hyperliquid’s revenue would only be about 5%.

This data seems surprising at first glance, but the underlying logic is that the perpetual contracts market (including the long-tail assets brought by HIP-3) is extremely large in scale. Devens argues that Hyperliquid’s current valuation of approximately $7 billion is clearly in a state of significant undervaluation compared to Polymarket’s latest round valuation of $10 billion (based on 2025 funding data). The launch of Outcomes primarily serves to complete a key piece in its comprehensive financial product matrix.

Despite the high market sentiment, it’s important to note that Outcomes is currently still in the testnet phase, and a definitive timeline for mainnet launch has not been announced. However, with the explosion of the HyperEVM ecosystem, mainstream service providers like Kalshi or Crypto.com could theoretically migrate to run on the Hyperliquid chain using the HIP-4 protocol in the future.

In summary, prediction markets are entering their best era. In the US, thanks to advancing regulatory clarity, the partnership between Kalshi and Coinbase has already made prediction markets accessible across all 50 states. In the EU and Asia, similar growth momentum is equally strong. For Hyperliquid, Outcomes is far from a simple “gamble”; it is an indispensable piece of the puzzle in building the “Wall Street on-chain.”

Original Link

本文来源于互联网： Prediction Market Competition Heats Up, Hyperliquid Enters Strongly with “Outcomes”

Related: The Big Year for Crypto IPOs: The Path to Public Markets for “Pick-and-Shovel” Players In 2025, crypto companies raised $3.4 billion in the U.S. stock market. Circle and Bullish each raised over $1 billion, and Gemini surged 14% on its Nasdaq debut. By January 2026, BitGo rang the opening bell on the NYSE, jumping 24.6% on its first day with a market cap of $2.6 billion. These pioneers proved one thing: Wall Street is willing to pay for compliant crypto infrastructure. The pipeline for 2026 is even thicker. Kraken, Consensys, and Ledger are all queuing up for IPOs, with valuations ranging from billions to $20 billion. Even the security auditing firm CertiK announced its IPO plans at Davos. Exchanges, wallets, custody, security… the “water sellers” of the crypto industry are collectively heading to the public markets. When will these companies go public, what are…

#分析# 加密# 定义# 市场# 代币© 版权声明文章版权归作者所有，未经允许请勿转载。 上一篇 After a 30x Surge and Then a "Foot-Chop," Do You Still Dare to Get on the RIVER That Arthur Hypes? 下一篇 Epstein's Top-Secret Emails Exposed: Did He Communicate with Satoshi Nakamoto? 相关文章 Vitalik Buterin Condemns Criminalizing Code, Speaks Out for Tornado Cash Developers 6086cf14eb90bc67ca4fc62b 9,971 2 Behind the Movement turmoil: a 10,000-word analysis of the game and breakthrough between project owners, market makers a 6086cf14eb90bc67ca4fc62b 34,201 1 Surviving 30 Days in Vietnam Using USDT 6086cf14eb90bc67ca4fc62b 10,163 1 RWA Weekly Report | US SEC Commissioner: Tokenized securities are still subject to regulation; Cayman Islands plans to a 6086cf14eb90bc67ca4fc62b 26,553 9 CME Gaps: A Misunderstood Market “Clock,” Not a Prophecy 6086cf14eb90bc67ca4fc62b 7,190 1 关于 LuBian 矿池黑客攻击和大量比特币被盗的技术分析报告 6086cf14eb90bc67ca4fc62b 19,121 无评论 您必须登录后才能发表评论！ 立即登录 没有评论... Bee.com 全球最大的 Web3 门户网站 合作伙伴 硬币卡 Binance CoinMarketCap CoinGecko Coinlive 装甲 下载蜜蜂网络APP，开始web3之旅 白皮书 角色 常见问题 © 2021-2026.保留所有权利。. 隐私政策 | 服务条款 下载蜜蜂网络 APP 并开始 web3 之旅 全球最大的 Web3 门户网站 合作伙伴 CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白皮书 角色 常见问题 © 2021-2026.保留所有权利。. 隐私政策 | 服务条款 搜索 搜索InSite链上社会新闻 热门推荐： 空投猎人 数据分析 加密货币名人 陷阱探测器 简体中文 English 繁體中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 简体中文

智能索引记录